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Beauty Sales Jump 8% at Avon

Fragrance, color, skin care and personal care all see gains.

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By: TOM BRANNA

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Avon’s 125th year of business is starting out on the right foot. The company posted a 7% rise in revenue to $2.6 billion for the first quarter 2011.

Avon’s beauty sales increased 8% to $1.9 billion, with gains in all categories during the first quarter of 2011: 10% growth in fragrance, 6% in color, 7% in skin care and 8% in personal care.

”We are pleased with the early progress against our commitment to return the business to mid-single digit revenue growth and deliver 50-70 basis points of operating margin expansion in 2011,” said Andrea Jung, Avon’s chairman and chief executive officer.“We are squarely focused on restoring growth in Brazil and Russia in the second half, and ensuring execution in gross margin improvement and cost control.”




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